32 percent capital expenditure in nine months

28.19 percent of the target was capital expenditure till nine months of the last financial year. Compared to that, this year the capital expenditure is higher than the target, but it is lower in terms of amount. The government spent a total of 1 trillion 7 billion 24 billion rupees in capital expenditure for nine months of the last financial year, but this year only 97 billion 37 billion rupees were spent on capital expenditure.

In the last financial year, the government imposed a ban on the import of 10 types of goods saying that the foreign exchange reserves were under pressure, while the National Bank also arranged a cash margin in the certificates. This is why last year the lowest revenue was collected in the last 52 years. Experts say that last year was unusual. Analyzing (comparing) data does not compare normal years with abnormal years. But now the government seems to be celebrating the improvement in the indicators of government finances this year compared to the last financial year.

For the current year, the government allocated a total budget of 17 trillion 51 billion 312 million 21 million. So far, only 51.93 percent of the annual allocation has been spent in the budget. This is equal to 9 trillion 9 billion 39 million 14 million. According to which, 11 trillion 41 billion 78 billion 41 million has been allocated under the current title, 6 trillion 44 billion (56.41 percent) and 1 trillion 67 billion 98 billion (54.64 percent) has been spent on finance management out of 3 billion 7 billion 45 billion. There is data from the Office of the Comptroller General.

not only in the budget expenditure, but also the condition of revenue collection is seen to be weak. For the current year, the government's target is to collect a total income equal to 14 trillion 72 billion 48 crore 47 lakh. 7 trillion 73 billion rupees (52.5 percent of the annual target) have been received by the end of March. Of which, according to government data, 51.41 percent of the annual target for tax revenue (6 trillion 71 billion 115 million and 65.71 percent of the non-tax target (76 billion 92 million 56 million) has been collected).

For the current year, the government While aiming to receive foreign subsidies equal to 1 billion 943 million rupees, it seems that 5.52 percent of the target (2 billion 758 million rupees) has been received so far. In the same period last year, 2 billion 80 million rupees were received. Similarly, in the current fiscal year, For nine months, the government finance has been in a deficit of 1 trillion 37 billion rupees. During that period, the government finance has gone into a deficit due to the mentioned amount of expenditure than the income. The position and current account are continuously in surplus, the interest rate is decreasing. But looking at the government finances, the capital expenditure has not increased as expected, the revenue collection situation is critical. The revenue collection has barely been able to cover the current expenditure. As the external sector of the economy is becoming stronger, even though the government has been given enough opportunities to spend on infrastructure development, experts say that the internal economy has not improved due to the inability to spend.

Private sector confidence has weakened due to a sluggish economy. For this reason, the private sector has not been able to dare to expand investment even though there is sufficient liquidity in the banks and the interest rate is continuously decreasing. In such a situation, Nepal Rastra Bank officials say that the government should encourage the private sector to invest more in infrastructure development and productive sectors.

'The strong external sector has given the government enough opportunity to spend on development,' said a senior official of the National Bank, 'The economic activity has not been able to run because the three levels of government are unable to spend.'' Couldn't grow. Due to the lack of credit demand, investable funds have accumulated in the financial system. In such a situation, the experts suggest that all three levels of government should rapidly increase the development expenditure in order to keep the economy running. In such a situation, they say that the government should pay the remaining obligations.